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Fitch Takes Action On Multiple Title Insurers

Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rati

By Phil Gusman | Updated on August 28, 2008

Fitch Ratings has taken a variety of actions on six companies associated with the title insurance industry. The actions include two rating downgrades, three outlook revisions to negative, and one Rating Watch Negative.

Regarding title insurers as a whole, Fitch said holding company Stewart Information Services Corp. (STC) is currently the only company in its universe of rated insurers in the sector to have a stable rating outlook. “All other companies have a Negative Outlook or are on Rating Watch Negative, due to market pressures,” Fitch said.

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